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![Scope upgrades issuer rating of Norwegian utility Eidsiva to A-/Stable from BBB+/Stable](https://www.scopegroup.com/ScopeOneApi/images/announcement-img?imageName=mitteilung_3c4c45462f6484a56625ccdafad6faa74b0d04d0a02082881f14b328d7c6d022.jpg)
24/1/2024 Rating announcement EN
Scope upgrades issuer rating of Norwegian utility Eidsiva to A-/Stable from BBB+/Stable
The upgrade is driven by the improved financial risk profile enabled by a stronger-than-expected performance, continued robust cash flows from its grid operation and cash dividends from Hafslund ECO Vannkraft.
![Scope affirms Eidsiva’s issuer rating at BBB+/Stable](https://www.scopegroup.com/ScopeOneApi/images/announcement-img?imageName=mitteilung_5a8d1004269366649326b740db01e1852adca92e580164cb953b3f554e7ada89.jpg)
24/2/2022 Rating announcement EN
Scope affirms Eidsiva’s issuer rating at BBB+/Stable
The affirmation reflects the company’s continued competitive strength as Norway’s largest distribution grid operator, its low industry risk, and Scope’s projections of continued substantial capex and dividend payouts.
![Scope upgrades Eidsiva's issuer rating to BBB+, Outlook Stable](https://www.scopegroup.com/ScopeOneApi/images/announcement-img?imageName=mitteilung_e759d4ab38383dc3ca7bc98704a8d416325c7a9837b68991cc0d9da3a79bc269.jpg)
26/3/2019 Rating announcement EN
Scope upgrades Eidsiva's issuer rating to BBB+, Outlook Stable
The upgrade follows the agreement between the boards of Eidsiva and Hafslund E-CO, announced on 14 March 2019, to merge in accordance with the letter of intent from 20 November 2018. The ratings were previously under review for possible upgrade.
![Scope affirms Eidsiva's issuer rating of BBB-, places ratings under review for possible upgrade](https://www.scopegroup.com/ScopeOneApi/images/announcement-img?imageName=mitteilung_f2223697102ffc5b18d8fe34d578243379f7cae0b05360f24aef7c94b1748c7a.jpg)
20/11/2018 Rating announcement EN
Scope affirms Eidsiva's issuer rating of BBB-, places ratings under review for possible upgrade
The placing under review for possible upgrade follows the 15 November letter of intent between Eidsiva and Hafslund E-CO to merge their main activities, which will improve Eidsiva's business risk profile, and should improve the issuer rating as well.
![Scope rates Eidsiva Energi at BBB-, Outlook Stable](/.resources/scoperatings/webresources/img/logo_blue.jpg)
8/12/2017 Rating announcement EN
Scope rates Eidsiva Energi at BBB-, Outlook Stable
Scope Ratings today assigns a first-time corporate issuer rating of BBB- to Norway-based Eidsiva Energi AS. The Outlook for the rating is Stable. Scope also assigns an S-2 short-term rating. The company’s senior unsecured debt is also rated BBB-.
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